InBased (INBA) — Market Ecosystem index for 1Inch.
InBased is an ERC20 Token Pegged to the total 1Inch ecosystem’s liquidity that rewards holders with Dividends and liquidity providers with a consistently replenished program coming from a 4% tax on any transfer made with INBA.
Our elastic index token allows users to be able to directly accompany 1inch’s growth as pairs and pools increase and new token pairs/pools are created.
How InBased Works
InBased pre-determined Ethereum smart contract ensures its digital token adjusts supply daily based on market conditions. Pegged at a 1:100M ratio, rebases occur every 24 hours at 1pm UCT. The InBased protocol automatically adjusts supply in response to demand. If price is higher than the target price, the wallet balance will increase. If the price is lower, then it will decrease.
Dividends and Liquidity Provider Rewards
The InBased liquidity rewards program maximises incentives with participants receiving a proportional share of every 4% transfer tax in the protocol, on top of the provided ecosystem reserves.
Dividends are rewarded automatically to holders walleTs via smart contract and are a reflection of the total 1Inch pairs/pools as they increase in the 1Inch ecosystem. Dividends are rewarded per transaction and calculated by tying 1Inch pairs at a ratio of 1:10000. In the cases of 10,000 pairs, 1% would be the dividend fee
Tokenomics
Only 10M tokens will be minted at genesis with supply only changing thereafter due to rebases. They will be distributed as below:
- 4.5M tokens sold in presale
- 2.5M tokens locked in Liquidity for 12 months
- 1.3M tokens used for InBased Growth
- 1.7M tokens for team and Treasury, vested over 18 months
Roadmap
28th December: Airdrop (See our next post for more information)
TBA: Presale
TBA: End of Presale, token distribution and listings on 1Inch and Uniswap
TBA: Inbased Rebases commence
We look forward to you joining us!
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Website: https://www.InBased.tech
Twitter: https://twitter.com/InBasedOfficial
Telegram Chat: https://t.me/InBasedOfficialchat
Telegram Announcements: https://t.me/InBasedOfficial
Medium: https://InBased.medium.com/
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**Disclaimer: This project is not affiliated with 1Inch by any means***
